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GreenEarth Landscaping Ltd. commenced operations on January 1, 20X1. Record the following transactions in the general journal. Transactions: Issued 35,000 shares of common stock at
"GreenEarth Landscaping Ltd." commenced operations on January 1, 20X1. Record the following transactions in the general journal.
Transactions:
- Issued 35,000 shares of common stock at $230 per share, receiving cash.
- Purchased landscaping equipment and supplies worth $220,000 on credit from "Landscaping Supplies Co."
- Sold landscaping services for $430,000 in cash.
- Paid $310,000 to "Landscaping Supplies Co." for the equipment and supplies purchased.
- Acquired trucks and tools worth $375,000 in cash.
- Disbursed wages totaling $200,000.
- Provided services worth $390,000 on credit to "Garden Retailers."
- Received $370,000 from "Garden Retailers" for the services provided on credit.
- Remitted rent totaling $170,000.
- Received a utility bill amounting to $85,000.
Requirement:
Journalize all these transactions into a general journal entry.
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